Stifel Nicolaus Cuts Arhaus (NASDAQ:ARHS) Price Target to $13.00

Arhaus (NASDAQ:ARHS) had its target price decreased by Stifel Nicolaus from $16.00 to $13.00 in a report released on Monday morning, Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

A number of other research analysts have also weighed in on the company. Robert W. Baird dropped their target price on Arhaus from $18.00 to $14.00 and set an “outperform” rating on the stock in a report on Friday, August 9th. Jefferies Financial Group restated a “hold” rating and issued a $12.00 target price on shares of Arhaus in a report on Wednesday, October 9th. Craig Hallum lowered Arhaus from a “buy” rating to a “hold” rating and dropped their target price for the company from $14.00 to $10.00 in a report on Tuesday, October 15th. TD Cowen dropped their price target on Arhaus from $19.00 to $14.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Finally, Bank of America dropped their price target on Arhaus from $18.00 to $15.00 and set a “buy” rating on the stock in a report on Friday, October 11th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $13.90.

Arhaus Trading Up 1.6 %

Shares of Arhaus stock opened at $9.12 on Monday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.55 and a current ratio of 1.25. Arhaus has a 52 week low of $8.04 and a 52 week high of $19.81. The stock has a 50 day moving average price of $10.76 and a two-hundred day moving average price of $13.84. The stock has a market capitalization of $1.28 billion, a PE ratio of 14.48, a price-to-earnings-growth ratio of 9.92 and a beta of 2.58.

Arhaus (NASDAQ:ARHS) last posted its earnings results on Thursday, August 8th. The company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.04. Arhaus had a return on equity of 28.45% and a net margin of 6.92%. The company had revenue of $309.80 million for the quarter, compared to analyst estimates of $314.28 million. During the same quarter last year, the company earned $0.29 earnings per share. The company’s revenue for the quarter was down 1.0% on a year-over-year basis. As a group, equities analysts anticipate that Arhaus will post 0.47 earnings per share for the current fiscal year.

Institutional Trading of Arhaus

Large investors have recently bought and sold shares of the company. Amalgamated Bank purchased a new stake in Arhaus in the second quarter worth $30,000. Quest Partners LLC increased its position in Arhaus by 716,800.0% in the second quarter. Quest Partners LLC now owns 7,169 shares of the company’s stock worth $121,000 after buying an additional 7,168 shares during the last quarter. Ground Swell Capital LLC purchased a new stake in Arhaus in the second quarter worth $183,000. Virtu Financial LLC purchased a new stake in Arhaus in the first quarter worth $212,000. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in Arhaus in the second quarter worth $244,000. 27.88% of the stock is owned by hedge funds and other institutional investors.

About Arhaus

Arhaus, Inc operates as a lifestyle brand and premium retailer in the home furnishings market in the United States. It provides merchandise assortments across various categories, including furniture, lighting, textiles, décor, and outdoor. The company's furniture products comprise bedroom, dining room, living room, and home office furnishings, which includes sofas, dining tables and chairs, accent chairs, console and coffee tables, beds, headboards, dressers, desks, bookcases, modular storage, and other items; and outdoor products, such as outdoor dining tables, chairs, chaises and other furniture, lighting, textiles, décor, umbrellas, and fire pits.